 Im ready to purchase a home now? |
| Im ready to purchase a home now - my realtor says buy now - my boss says wait for 4-6 months the buyers market, what should I ... |
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 Home Loans Advice? |
| If I am approved for a $350,000 home loan and buy a home for $300,000, will I be able to use the remaining $50,000 for fixing up, furnature, etc, or will I only be able to take the $300,000 for the ... |
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 Housing benefit??? who and how can claim for it??? i just become a single mother and the father of my child... |
is selling the house from underneath us, so i am now looking into getting a house! and hoping housing benefit can help me out, but not sure if i am eligible for it as i work 20 hours aweek.
if ... |
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 How can I break my rental agreement/lease? |
| I need to know how to break my lease without paying anything.The apartments I am in are horrible, filthy, bug infested, cars are being vandalised all the time (mine included). I want to move ASAP.I ... |
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| i have a question regarding enbridge gas company.i just got back with my girlfriend recently and while we were seperated she fell behind on payments.when i arrived she was disconnected and she and ... |
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| A better than average house in the USA will gain a realtors eye if it exceeds how many square feet? At waht level of square footage does a house start taking on a certain level of prestige?... |
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 Equity line of credit a good idea to pay off my mortgage? |
| I called my mortgage company today and asked about a refinance. I am not behind, or in forecloser. He did not offer me a good rate, but he did talk about a equity line of credit to pay off the ... |
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| It will be a loan fixed at 30 years. 6.125 I fill out an inquire last Monday and they allready aproved my loan. Nex thursday I am to sign . The Notary will come over muy place. Where is the ... |
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| I really want to buy this home and I was wondering if I can go directly to the listing agent and for him to represent me.... |
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| it's not that I don't trust my Realtor, but his suggestions to me for selling my house quick is to increase the 6% to 8% so Buyer's agent etc will move quicker trying to sell it. I ... |
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 House fence question? |
I live in a terrace house all former council. All my
neighbours like me now own their homes. Did my neighbour
to the right side have the right to replace the fence that
divides our ... |
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| If you live in a house trailer, have you ever been on Jerry Springer show? On stage? :)... |
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 Does a landlord have to pay any utilities / ammenities? |
| Does the landlord have to pay for trash pickup or is it ok to not include it in the rent? ***CA... |
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spunk y | Why is there no limit to how much a mortgage company can charge for a house ? |
Houses are CHEAP to build -- if you don't believe me go to home depot and price the parts. It only takes a month to build most of them, so the costs are small compared to the ENORMOUS sales prices the mortgage companies are charging...
I'm told the average house costs about $50K to build, yet they sell for MANY times that amount...that's ridiculous...
Additional Details
The mortgage company sets the price -- they also have and they always will on a new house. They look at what you have and the shoes on your feet, then charge you however much they think they can get away with.
I understand the costs of building since I HAVE built structures before, and have considered how much it costs to employ someone for a month...$50K may be a little low, but when it costs only $50K for the lumber and the labor, I have to think the mortgage companies and the builders are working together to make a killing... |
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le_roche
 |
Um, OK.
Mortgage companies are the ones who make loans on the homes.
Homeowners, with the help of their agents, set the sales price.
It's clear you have no idea what you're talking about. Calm down and think about how little sense you're making before you hurt yourself. |
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dragonfly_3
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well, build one yourself then. |
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theseeker4
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First, a mortgage company doesn't own the house, they loan you money, they have nothing to do with how much you pay for a house. Second, you are paying for the labor, the inspections, the designing and the land the house is on, not simply the materials used. The cost is not nearly that small compared to the price it sells for. If it was, someone else would build and sell an equivilant house for less money, and be able to sell more of them, thus make more money because they have a better deal. You should study bacis economic principles and how supply and demand works if you really want to know why things (everything) cost more than the sum of their parts. Do you really expect all the laborers, the architect, the inspectors and skilled workers to not make any money on the house? Try building a house yourself simply by going to Home Depot and buying what you think you need, and see how much it actually costs, and how well it actually ends up. |
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torrie
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"I'm told the average house costs about $50K to build"
And just who is departing this erroneous/uneducated information someone who actually knows what they are talking about or someone who hasn't a single clue?
One other question and I'll let you go, do YOU work for free? |
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sweet_cowgirl19
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mortgage companied do not sell homes they finance them. A house may be cheap to build but then think of the land you also have to buy and all the electric water heat and all that stuff that has to be done by a professional also. When building a house it is cheaper then when it is finished what it is appraised at. |
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Rick B
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A mortgage company does not sell houses, it loans you money to buy a house. The owner or builder sets the price.
Nothing sells at cost! There is markup in everything. You are not just paying for a house, you are paying for the land it sits on too. |
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Realtor
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50k is not enough to build a house. The average markup on a home that a builder has built is 14-20%. If you figure in the cost of doing business this is a minimal margin of profit. Keep that in mind as you are home shopping. This is not to mention the builder pays construction interest to the bank during the entire build time. This usually makes the bank as much money as it does the builder. Good luck with your home search. |
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achievablemortgages
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Wow. That was impressive in a ridiculous sort of way. Instead of ranting on about the mortgage industry, which you obviously know little about, why don't you pick that hammer back up and ask one of those mortgage companies you hate so much for a loan to build your own homes that you can set your own prices for. If you can build for 50k and sell for many times that, you'll probably find some interest. |
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pawler deeeen
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I don't think I would want to even let my dog live in a house that was $50k.... have you looked at those????? |
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joveesasha
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There are other things in the mix. ins. taxes, labor, design, plus history has been always the cost of a house goes up three times approx. unless you buy true cash. The best thing is to buy a few houses and rent so others pay your mortgage and taxes, balance it a little. Step back and look at the forest. |
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